Glanbia (LON:GLB) Sets New 1-Year Low - Here's Why

Glanbia plc (LON:GLB - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 9.65 ($0.12) and last traded at GBX 9.65 ($0.12), with a volume of 110509 shares changing hands. The stock had previously closed at GBX 10.10 ($0.13).

Glanbia Price Performance

The company has a market capitalization of £2.37 billion, a PE ratio of 18.48, a PEG ratio of 8.32 and a beta of 0.47. The company has a current ratio of 1.63, a quick ratio of 0.86 and a debt-to-equity ratio of 48.90. The company's 50 day moving average price is GBX 11.99 and its 200-day moving average price is GBX 13.67.

Glanbia Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, March 20th will be issued a dividend of €0.23 ($0.26) per share. This is an increase from Glanbia's previous dividend of $0.16. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, March 20th. Glanbia's dividend payout ratio (DPR) is presently 7,340.94%.

Insider Activity at Glanbia

In related news, insider Hugh McGuire sold 42,719 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 1,055 ($13.48), for a total transaction of £450,685.45 ($575,882.25). 30.55% of the stock is currently owned by corporate insiders.

About Glanbia

We are a better nutrition company, home to consumer brands and ingredients that help people around the world feel strong, nourished, and to perform well at any age. Everything we do has real nutritional benefit. Everything we do is in pursuit of better, for each other and the planet.